Blaize Holdings, Inc. balance sheet

At the end of fiscal 2025, Blaize Holdings, Inc. had total assets of $102m, total liabilities of $63.2m and shareholders' equity of $39.0m. It held $45.8m in cash against $0 of debt: net cash of $45.8m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Blaize Holdings, Inc.: balance sheet, annual
Fiscal year	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	50	46	37
Receivables	0	—	—
Inventory	9	10	10
Total current assets	72	97	74
Total assets	78	102	80
Accounts payable	8	—	—
Deferred revenue (current)	0	—	—
Total current liabilities	186	43	20
Total debt	150	0	0
Total liabilities	189	63	37
Shareholders' equity	−110	39	43
Net debt (negative = net cash)	100	−46	−37
Shares outstanding	—	122m	143m

US$ millions unless shown otherwise. Fiscal quarters.

Blaize Holdings, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	—	0	1	1	10	—	—	—
Inventory	—	9	10	8	9	10	9	10
Total current assets	0	72	94	47	55	97	65	74
Total assets	50	78	100	54	61	102	71	80
Accounts payable	—	8	17	17	15	—	—	—
Deferred revenue (current)	2	0	0	0	0	—	—	—
Total current liabilities	10	186	38	40	37	43	27	20
Total liabilities	20	189	50	59	60	63	45	37
Shareholders' equity	−107	−110	17	−5	1	39	25	43
Non-controlling interests and other (assets − liabilities − equity)	136	—	33	—	—	—	—	—
Shares outstanding	—	48m	99m	99m	107m	122m	123m	143m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: BZAI vs MRAM BZAI vs NVTS BZAI vs VLN

More: Semiconductors stocks compared, Technology sector, rankings of US companies

Figures from Blaize Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Blaize Holdings, Inc.